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BUSINESS AND TRADE - JAKARTA. Indonesia hopes to join the Trans-Pacific trade pact to attract more investment, the country's coordinating minister of economic affairs said in a statement on Wednesday.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between 12 countries that accounts for 15% of global gross domestic product. The pact said they were open to new members.
"Based on initial study on 30 chapters of CPTPP regulation, 70 percent of domestic regulations have been in line," said the minister, Airlangga Hartarto.
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"So it should not be difficult to complete the accession".
Airlangga conveyed Indonesia's plan to Britain, the newest member of the pact, during his visit to London.
Other CPTPP members include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
